Active
3 Days on market
54 Cypress St. #54 Watertown — Photo 1 of 25

54 Cypress St. #54 Watertown — Photo 1 of 25

$1,245,000

Investment Analysis — 54 Cypress St. #54

Watertown, MA 02472

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02472 carries an estimated $4,250/mo in gross rent — about a 2.08% cap rate and $25,941/yr in estimated NOI at the $1,245,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

3.5

SqFt

2,160

Style

Condominium

Built

2026

Welcome to this stunning new construction 4-bedroom, 3.5-bathroom townhouse perfectly situated in East Watertown, offering modern design, thoughtful finishes, and an exceptional location. This south-facing home is filled w/ natural light and features an open-concept 1st floor. The beautiful kitchen features white shaker cabinetry, a spacious center island, quartz countertops, a stylish tile backsplash, and GE Cafe premium appliances. The open layout flows seamlessly into the dining and living areas, creating a welcoming space for entertainment. The second floor offers 3 bedrooms and 2 full bathrooms, including a spacious primary suite w/ a private bath featuring a double vanity and walk-in glass-enclosed shower. The additional bedrooms provide flexibility for family and guests. The main bath is beautifully tiled and has a full tub. The finished lower level expands the living space w/ a 4th bedroom, a full bathroom, and a comfortable family room ideal for guests, a home office, or playroom. Efficient electric heat pumps provide both heating and air conditioning, while two mini-splits on the lower level offer additional comfort and climate control. Enjoy your own private outdoor space w/ a large patio and fully fenced-in yard, perfect for outdoor dining, entertaining, gardening, and relaxing. Quality construction details include an architectural shingle roof, durable LP smart siding, and spray foam insulation. Ideally located just steps from the Watertown-Cambridge Greenway, Arsenal Yards, public transportation, shops, and restaurants. Conveniently situated minutes from the new net-zero Watertown High School, newly renovated Hosmer Elementary School, Charles River, and all that Cambridge and Boston have to offer. A rare opportunity to enjoy brand-new construction and modern amenities in desirable East Watertown!

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Open Houses

Property Details

Financials

Original Price$1,235,000
Annual Taxes$9,999
HOA Fee$235

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms8
FireplacesNone
FlooringFlooring - Stone/Ceramic Tile
BasementY

Climate & Utilities

HeatingForced Air, Heat Pump, Ductless
CoolingCentral Air, Heat Pump, Ductless
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
Foundation--
ZoningT

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenBathroom 1
Basement
Family RoomBedroom 4
Living Room
Lvl First

12 x 24

Flooring - Hardwood, Open Floorplan, Recessed Lighting

Dining Room
Lvl First

12 x 12

Flooring - Hardwood, Open Floorplan, Recessed Lighting

Kitchen
Lvl First

12 x 13

Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Recessed Lighting, Stainless Steel Appliances

Family Room
Lvl Basement

20 x 24

Flooring - Stone/Ceramic Tile, Recessed Lighting

Primary Bedroom
Lvl Second

12 x 14

Bathroom - Full, Closet, Flooring - Hardwood

Bedroom 2
Lvl Second

9 x 13

Bedroom 3
Lvl Second

9 x 12

Closet, Flooring - Hardwood

Bedroom 4
Lvl Basement

9 x 10

Closet, Flooring - Stone/Ceramic Tile

Bathroom 1
Lvl First

3 x 6

Bathroom - Half

Bathroom 2
Lvl Second

5 x 10

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile

Bathroom 3
Lvl Second

8 x 10

Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile

Property History

Price Increase
$1,245,000

Was $1,235,000

Sep 17, 2026

MLS® 73578838

Listed
$1,235,000

Sep 17, 2026

MLS® 73578838

Listing Provided By

Listing Agent: Bob Airasian

Listing Office: Coldwell Banker Realty - Belmont

MLS® Number: 73578838